When you start making more money through your business, job, or investments, the next thing that typically happens is you start spending money more freely because you can finally afford to do so. Unfortunately, our desire to disregard our budgetary restrictions comes a serious downside. We won’t make much progress in our financial goals if we’re too busy spending money and living at our means. If you suspect you’re experiencing “lifestyle creep”, which is when you start earning more money and your expenses seem to grow alongside your income, … [Read more...] about 4 Strategies for Overcoming Lifestyle Creep
Archives for February 2019
When selling a business, the owner is certain to be concerned with getting a good price, having the legalities and paperwork go smoothly, and selecting a buyer that will maintain the reputation and vision of the company. But, how does a business determine its selling price? Although it may seem that it would all come down to profitability versus cost, there are actually several factors that can determine the price of a business. A potential seller should hire a consultant who can get them the clearest possible terms on a sales contract. … [Read more...] about 3 Things that Affect the Selling Price of a Business
Have you been waiting to get started in investing because you think it’s confusing? Do you think that too much money is required to start, or financial advisors are too expensive? It doesn’t have to be that way. A new investment method called robo advisors has been changing the financial landscape recently. And, it’s something that you may want to consider. What Is A Robo Advisor? A robo advisor is an online wealth management service that provides automated, algorithm-based investment portfolio management advice without the use of … [Read more...] about The Pros and Cons of Using Robo Advisors to Invest
No matter which side of the healthcare debate one falls on, they’d be remiss to say the industry is succeeding in providing quality care at reasonable prices. Whether we have a private plan or insurance through the marketplace, we’re paying more thanks to higher deductibles and increased patient responsibility. Let’s look at five things Americans need to know about medical debt. Two in Three Patients Can’t Pay Their Hospital Bills A developed country with ample resources shouldn’t have a substantial part of its populace struggling to … [Read more...] about 5 Things Americans Need to Know About Medical Debt
When it comes to planning for the future, one of the biggest concerns people face is the possibility of running out of money during retirement. Since you may have access to monthly Social Security or pension checks, this doesn’t mean literally running out of money altogether, but rather losing the ability to cover your expenses without taking on a part time or full time job to make ends meet. If you plan to retire in your 50s but you’re concerned about the long-term sustainability of your retirement strategy, it’s important to develop back-up … [Read more...] about Should You Have a Backup Plan Before Retiring Early?
If you’re starting a new business, you need to understand the importance of having a strong social media presence. Even if you’re running a brick-and-mortar store, many customers are going to find you on Facebook or Instagram before they’ve even walked through your front door. Being active on social media means getting the attention of younger generations and being taken seriously by people who want to learn more about your brand. That’s why so many business leaders want to understand the purpose of a podcast and how to get more Facebook … [Read more...] about Instagram Tips for Your New Business
Are you getting close to retirement or still a decade or two away? Even if you plan on working for several more years, it’s extremely important to keep your retirement plans at the forefront of your mind. Ignore the excuse, “I still have plenty of time to start saving.” Don't make these retirement mistakes.
Unfortunately, this is the same logic that leaves many people with no savings upon reaching retirement age, so this long-term goal should be treated with equal or even greater importance than your short-term financial goals.
Planning and … [Read more...] about
The following is a guest post by Dan Kent, owner and writer for Stocktrades.ca. For more information about guest posting on Money Q&A, check out our guest posting guidelines. I deal with a lot of new investors. Those who are attempting to leave their banks or fund managers and instead take control of their own finances. As such, the question that frequents my inbox the most from those who are looking for advice is “how do I construct an investment portfolio?” I’ve often stated that building a portfolio is the most difficult … [Read more...] about Three Diversification Strategies for a Perfectly Balanced Portfolio
It’s all about flexible subscriptions nowadays. Whether it’s a TV streaming service like Netflix and Hulu or quirky subscription boxes for seemingly every hobby in existence, consumer data research suggests our collective obsession with subscriptions is unlikely to go away any time soon. Consumers love subscriptions over ownership because there’s much more flexibility, convenience, and easier access to products and services. But what about subscribing to a car service, as opposed to buying a used car or leasing one for a few years? While … [Read more...] about Are Car Subscription Services Worth It?
Paper waste is an unnecessary addition to the growing waste problem that your planet is facing. Paper can be recycled, but more often than not in businesses throughout the world, the paper ends up in a trash bin. According to an article by Fortune magazine, “for every million dollars in revenue, a company generates an average of 7.8 metric tons of waste. Almost 40 percent of that waste is easy-to-recycle paper. The study also found that if companies could reduce their paper waste by just one percent, they could save almost one billion … [Read more...] about Paperless – The Story of Cost Efficient Operations